What is one of the main economic benefits of free trade?

To determine the quantity of any activity that will maximize total net benefit, economists employ the ________ rule.

To determine the quantity of any activity that will maximize total net benefit, economists employ the "<span>principle of marginal analysis"

Hope this helps!</span>

5 0

4 years ago

A company begins a review of ordering policies for its continuous review system by checking the current policies for a sample of

ohaa [14]

Answer:

Safety Stock: 40 units

Explanation:

$max \: \: demand \times lead-time - average \: \: demand \times lead-time$

We need to solve for maximum demand we expect.

We desire a cycle-service level of 96% thus, our theoretical demand is where P(z) = 0.96

in the table we got that:

z = 1.75 p = 0.95994

z = 1.76 p = 0.96080

So we need to solve for X given:

a mean of 120

a deviation of 23

and z of 1.75

$\frac{X-120}{23} = 1.75$

$X = 1.75 \times 23 + 1,20$

X = 160.25

Now we can calculate the desired safety stock:

160 x 1 - 120 x 1 = 160 - 120 = <em>40</em>

6 0

3 years ago

Adams Jackson invests $40,600 at 10% annual interest, leaving the money invested without withdrawing any of the interest for 10

Degger [83]

Explanation:

The computation is as follows

a. Total withdrawn amount

= Principal amount + total interest earned

where,

Principal amount = $40,600

And, the total interest earned is

= $40,600 × 10% × 10 years

= $40,600

So, the total withdrawn amount is

= $40,600 + $40,600

= $81,200

b. Now total withdrawn amount in case of compounded annually

= Principal amount × (1 + interest rate)^number of years

= $40,600 × (1 + 0.10)^10

= $40,600 × 2.5937424601

= $105,305.94

c. Now total withdrawn amount in case of compounded semi annually

= Principal amount × (1 + interest rate)^number of years

= $40,600 × (1 + 0.05)^20

= $40,600 × 2.6532977051

= $107,723.89

4 0

3 years ago

The Athletic Department of Leland University is considering whether to hold an extensive campaign next year to raise funds for a

Yanka [14]

Answer:

Answer for the question :

""The Athletic Department of Leland University is considering whether to hold an extensive campaign next year to raise funds for a new athletic field. The response to the campaigın depends heavily upon the success of the football team this fall. In the past, the football team has had winning seasons 60 percent of the time. If the football team has a winning season (W) this fall, then many of the alumnae and alumni will contribute and the cam- paign will raise $3 milion. If the team has a losing season (L), few will contribute and the campaign will lose $2 million. If no campaign is undertaken, no costs are incurred. On September 1, just before the football season begins, the Athletic Department needs to make its decision about whether to hold the campaign next year.

(a) Develop a decision analysis formulation of this problem by identifying the alternative actions, the states of nature, and the payoff table.

(b) According to Bayes’ decision rule, should the campaign be undertaken?

(c) What is EVPI? "

is explained in the attachment.

Explanation:

5 0

3 years ago

What is the center of the moon called

fomenos

Answer:

At the middle is the Moon's dense, metallic core. The core is largely composed of iron and a small quantity of nickel. The inner core is a solid mass around 481 km in the diameter.

3 0

4 years ago